Research On The Impact Of Government Subsidies On Innovation Performance Of New Energy Companies

With the process of energy structure adjustment,China's energy development is changing from total expansion to quality and efficiency.It is an important strategic choice to promote the reform of energy production and consumption mode,to adjust the energy structure,to speed up the development and utilization of new energy,and to build socialist ecological civilization and green development.For new energy enterprises with both technology-intensive and capital-intensive characteristics,innovation is undoubtedly the core driving force to improve their competitiveness.China's long-term development strategy based on the new energy industry has introduced a series of government subsidy policies in the form of direct and indirect subsidies,and has increased its support for new energy enterprises.Help new energy enterprises R&D innovation activities and technological progress,stimulate new energy enterprises innovation enthusiasm.In the process of implementing the corresponding subsidy policy,does the government subsidy play its role in promoting the innovation performance of new energy enterprises? What is the difference between the form of direct subsidy and the form of indirect subsidy on the impact of new energy enterprises with different property rights? Does the investment of new energy enterprises in R&D innovation activities play an intermediary role? Based on the above problems,the effect and influence mechanism of government subsidy on innovation performance of new energy enterprises need further research and thinking.This paper explores the effect and mechanism of different forms of government subsidies on the innovation performance of new energy enterprises by combining signal transmission theory,externality theory and market failure and innovation theory.To measure the effect of government subsidy on new energy enterprises,to explore the effect of government subsidy and tax preference on innovation performance of new energy enterprises and the difference of effect on new energy enterprises with different property rights.And explore how government subsidies through new energy enterprise R&D investment to its innovation performance.Through the above research,we hope to be able to formulate and adjust the government subsidy policy,improve the R&D innovation ability and innovation output of new energy enterprises,and provide some reference for promoting the technological progress and healthy development of new energy industry.At the same time for new energy enterprises to use subsidy funds and planning R&D investment to improve innovation performance.This paper selects the new energy listed companies from 2013 to 2019 as the research object for empirical analysis,and finds that the tax preference in the form of government direct subsidy and indirect subsidy has a promoting effect on R&D innovation activities of new energy enterprises;New energy enterprises R&D investment is beneficial to their innovation performance;Government subsidy and tax preference promote the innovation performance of new energy enterprises,but the influence of government subsidy and tax preference on the innovation performance of new energy enterprises with different property rights is different.The results show that the government should strengthen the subsidy to the new energy enterprises in order to stimulate the willingness of the new energy enterprises to carry out R&D and innovation activities,so as to promote the innovation performance of the new energy enterprises.